How do you set prices on your artwork?

"Great question that there isn't an easy answer to, but I'll try. If you are planning on showing in a gallery, keep in mind that they generally take 50%. Price your work at what you think it is worth and double it. Consider the cost of the materials and the time you spend creating your work. Don't sell yourself short, but be careful not to start to high. Keep in mind that you can always go up in price, but you don't want to go down. Also remember that what you sell your work at in a gallery is what you have to sell your work at out of your studio per most gallery contracts."
-Justin Wheatley